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Statistics Canada reported October merchandise exports up 2.7% to C$44.46 billion, with farm, fishing and food product exports up 7.7%. Canada shipped 1.296 million tonnes in October, including 407,872 tonnes to China, up 44% from September.
Canola oil exports rose 55% month on month to 323,412 tonnes.
Strong Chinese canola buying and higher export volumes tighten Canadian supplies available for meal and oil. The data support canola prices and show that China remains a key demand outlet.
dtnpf.comCliff JamiesonDec 5, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
